Wednesday, June 12, 2013

SBA loans are good for the economy

The first week of June got off to a good start as the SBA approved $300,328,00 in SBA 7(a) loans for the week ending June 7th. That's a slight bump over last week when $291,446,000 in SBA 7(a) loans were approved. SBA 7(a) loan volume is a leading economic indicator as the correlation coefficient between SBA 7(a) loan volume and GDP is a statistically significant 0.86.